Log In

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.

Create Account

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.

About Warner Media, LLC

Even among media titans, this company is a giant. Warner Media is one of the world's largest media conglomerates, with operations spanning television and film. Through subsidiary Turner Broadcasting, the company runs a portfolio of cable TV networks including CNN, TBS, and TNT. Time Warner also operates pay-TV channels HBO and Cinemax. Its Warner Bros. Entertainment, meanwhile, includes film studios (Warner Bros. Pictures, New Line Cinema), TV production units (Warner Bros. Television Group), and comic book publisher DC Entertainment. In 2018, Time Warner was bought by AT&T Inc. for $85 billion after a federal judge greenlit the deal over government objections.

Change in Company Type

Time Warner Inc was taken private in 2018 by AT&T, who acquired the media company for $85 billion, after which it changed its name to Warner Media, LLC (tradestyle WarnerMedia).

Operations

Warner Media divides its business into three reportable segments: Turner, Home Box Office, and Warner Bros. Turner consists of cable networks and digital media properties. Its businesses and brands include Adult Swim, Boomerang, Cartoon Network, CNN, TBS, TNT, truTV, Turner Classic Movies, and Turner Sports. Its digital properties also include Bleacher Report and the CNN digital network. Digital properties Turner manages or operates for sports leagues include NBA.com, NBA Mobile, NCAA.com, and PGA.com. It earns revenue through subscription, advertising, and licensing its certain owned original programming to international territories and to subscription video-on-demand services.

Home Box Office (known as HBO) consists of pay television and streaming services domestically and premium pay, basic tier television, and streaming services internationally. Its main revenue sources are subscriptions to its HBO, Cinemax, and HBO NOW services, as well as licensing of its original programming to third-party television networks and over-the-top (video-on-demand) services in over 150 countries, including the UK, Australia, France, Germany, and Canada. The segment has approximately 50 million subscribers in the US. The division is behind a whole library of well-loved TV shows, including Game of Thrones, True Detective, and Westworld.

The Warner Bros. segment consists of television, feature film, home video, and video game production and distribution. Its vast content library spans more than 100,000 hours of programming, including over 8,600 films and 5,000 TV shows.

Geographic Reach

Warner Media's content and brands have a truly global reach. However, in fiscal 2016, more than 70% of the company's revenue came from the US and Canada, followed by Europe accounting for 15%.

Warner Media has offices; studios; technical, production and warehouse spaces and communications facilities in the US, Hong Kong, Chile, Argentina, and the UK. Outside of the US, its portfolio of brands and digital businesses reaches consumers in more than 200 countries and territories.

Sales and Marketing

Warner Media sells and distributes its products through licensing to affiliates and digital distributors, apps, digital storefronts, traditional retailers, the Amazon Prime SVOD (Subscription Video-On-Demand) service, and other exhibitors such as airlines and hotels. In 2018, HBO had approximately 54 million domestic subscribers.